The LaGrange Corporation had the following budgeted sales for the first half of the current year:

Krepps Corporation produces a single product. Last year, Krepps manufactured 25,000 units and sold 20,000 units. Production costs for the year were as follows:

Direct materials	$	180,000
Direct labor	$	120,000
Variable manufacturing overhead	$	210,000
Fixed manufacturing overhead	$	250,000

Sales totaled $850,000 for the year, variable selling and administrative expenses totaled $110,000, and fixed selling and administrative expenses totaled $170,000. There was no beginning inventory. Assume that direct labor is a variable cost.

The contribution margin per unit was:

The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:

Collections on sales:

50% in month of sale

40% in month following sale

10% in second month following sale

The accounts receivable balance on January 1 of the current year was $65,000, of which $42,000 represents uncollected December sales and $23,000 represents uncollected November sales.

The total cash collected during January by LaGrange Corporation would be: